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• Hines Becomes Cabi Driver
12/12/08
Houston-based Hines recently saw its SoCal office portfolio grow considerably, after acquiring close to 4.5 msf of assets from Cabi Developers, the US entity of Mexico’s Giesa, which had been unable to keep up on the mortgage...
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• New Carlsbad Retail Project Locks Up Pair of National Restaurant Chains
12/12/08
Leasing at Paseo Carlsbad, a 56k sf upscale retail center scheduled for completion in late 2009, got a major boost with the recent signings of two prominent restaurant chains – P.F. Chang’s China Bistro and BJ’s Restaurant Br...
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• Development of New Encinitas Medical Office Condo Project Underway
12/12/08
Quail Garden Corporate Center, a new office project currently under development in Encinitas, is scheduled for completion in the second quarter of 2009. The project, being developed by Wiegand Neglia Corporation, is expected ...
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• Jones Day Takes 55k sf at Park Place in Irvine
12/11/08
The law firm of Jones Day agreed to a lease for 55k sf at Maguire Properties’ Park Place office campus in Irvine. The firm is expected to take occupancy in the third quarter of 2009 at the 3161 Michelson building, a 19-story,...
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• Grubb & Ellis/BRE Forms New Financial Services Asset Management Practice
12/09/08
San Diego-based real estate services firm Grubb & Ellis|BRE Commercial has formed a new group, Financial Services Asset Management Practice, designed to provide advisory services and solutions for clients with challenged mort...
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• Draftsmen & Craftsmen
12/05/08
A couple of the latest Draftsmen & Craftsmen tidbits that we’ve heard about recently involve Johnson & Jennings General Contracting and H. Hendy Associates. We’ll begin with news from Johnson & Jennings, which just completed ...
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• HG Fenton Spends $8.6 Mil on Kearny Mesa Biz Park
12/04/08
H.G. Fenton Property Company continues to grow its office and industrial real estate portfolio, as the San Diego-based company recently closed on an $8.6 mil purchase of Ruffin Road Business Park, a 45.8k sf ($188/sf), two-bu...
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• Don’t Overlook The Cliffs
12/03/08
Investors looking for a unique San Diego-area residential opportunity might want to check out The Cliffs, a 262-site manufactured home community for seniors which was recently listed for sale with an asking price of $35 mil (...
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• New School Fits into the Master Plan at 108-Acre Santee Development
12/02/08
The City of Santee approved a conditional use permit for the development of a 47.7k sf build-to-suit educational building at RiverView at Santee. Scheduled for completion in time for the school year starting September 2009, ...
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• Townsite Makes a Good Multifamily Investment Site
11/26/08
Townsite Apartments, a fully occupied, 34-unit, 28.2k sf apartment building located at 131 Townsite Dr, north of the Hwy 78 and just east of Santa Fe Ave in Vista, was sold in a $3.6 mil ($105.9k/unit) deal. The property, wh...
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• Smaller Office Properties in Rancho Bernardo and Poway Fetch Prices Near $300/sf
11/24/08
And in another Poway sale, from a month or so ago, a 21k sf industrial facility at 13615 Stowe Dr, north of Scripps Poway Pkwy and east of Community Rd, was purchased by Josam Properties LLC for $4.2 mil ($200/sf). Built in 1...
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• CamelBak Takes 124k sf Piper Ranch Facility
11/21/08
CamelBak Products LLC, the originator and a world leader in hands-free hydration systems, recently inked a seven-year lease for roughly 124k sf of warehouse/distribution space in Otay Mesa, in a deal that allows for expansion...
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• Trigild Appointed Receiver for Eight Properties Across the Country
11/17/08
Trigild, a distressed property management, loan recovery and real estate receivership specialist headquartered in San Diego, has been appointed receiver for eight residential and hospitality projects -- in Seattle, Fresno, Pe...
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• Mad Dog Lands on Park Place
11/14/08
Construction was recently completed on Park Place South, a new office condo project located in San Marcos’ central business district. The development saw two recent sales, as Mad Dog Holdings LLC recently purchased a 1.5k sf ...
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• UTC Office Lease Calls for More Creative Leadership
11/11/08
The Center for Creative Leadership, a leadership education and research institute, has signed a six-year, $8.89 mil expansion/renewal lease for 31.2k sf ($3.96/sf/mo) of office space at The Aventine, the landmark, 11-story Cl...
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• La Jolla Gets a New Waage Law
11/10/08
Four recent San Diego-area office deals offer a glimpse into the kinds of smaller transactions that tenants are doing these days. Three of these signings are for direct space, while one is a sublease, and they range in value ...
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• La Mesa Apartment Properties Fetch $53 Mil
11/07/08
A 406-unit La Mesa apartment portfolio traded hands in a $53.4 mil ($131.5k/unit) sale. The acquisition, known as the Baltimore Portfolio, consists of four low-density properties located at 5353, 5401, 5405 and 5445 Baltimore...
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• La Mesa Medical Office Property to Become a Sharp-Dressed Building
11/05/08
And in the Torrey Hills area, the firm of Rudolph & Sletten inked a three-year, $1.8 mil renewal for 13k sf ($3.85/sf/mo) of space at Pacific Plaza at Torrey Hills, a 220k sf Class A office property at 10955 Vista Sorrento Pk...
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• Hip New Eatery Opens in Downtown San Diego
11/03/08
Downtown San Diego continues to attract hip new eateries, as retail businesses still see plenty of opportunity in this desirable live/work/play area, situated in the heart of California’s southernmost major city. In the lates...
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• City of Oceanside Approves Medical Office Project
10/31/08
LW Properties LLC of San Diego has received development approvals from the City of Oceanside to build 11 free-standing office buildings in a medical complex to be called the Pacific Coast Medical Center. The members of the O...
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